Market Overview

Thursday's After-Hours Movers: Sohu, Western Union, Insys Therapeutics, Affymetrix

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Shares of Insys Therapeutics Inc (NASDAQ: INSY) are up 1.41 percent in after-hours, following a pretty much flat day. No particular news seems to have triggered the surge; in fact, it looks like an overall positive sentiment in relation to the stock is driving the rise. The specialty pharma company has managed to widely outperform the market year-to-date, having returned about 68 percent, versus the Nasdaq’s 5.74 percent surge.

Affymetrix, Inc. (NASDAQ: AFFX) continues to tumble after the bell. Following a 1.7 percent fall during the trading day, the stock is down an extra 1.73 percent in after-hours – on low volume, though. Thursday’s decline comes after Zacks downgraded the stock on Wednesday, from a “Strong Buy” rating to a “Hold” rating.

Also on the move late-Thursday is Sohu.com Inc (NASDAQ: SOHU), which lost 0.31 percent since the bell rang, after gaining 1.46 percent over the day. The Chinese gaming company’s stock is currently trading at $58.55. Once again, no particular events seem to be moving the stock, but volume is considerable for after-hours trading.

The Western Union Company (NYSE: WU), which fell 6.87 percent during the day, following PayPal’s acquisition of competitor Xoom Corp (NASDAQ: XOOM) and the resulting downgrade of Western Union’s stock by Evercore Partners. However, the transaction and payments services company’s stock is recuperating in after-hours trading, having surged 1.25 percent already.

Year-to-date, Western Union has managed to return 6.03 percent, versus the S&P 500’s 0.84 percent surge.

Posted-In: Evercore Partners PayPal Xoom Corp ZacksAfter-Hours Center Movers

 

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